The European Union stands ready to coordinate the release of jet fuel stocks should disruptions in the Strait of Hormuz persist, an EU spokesperson stated on Friday. This measure aims to prevent flight cancellations, grounded planes, and disruptions to summer travel plans amid ongoing supply challenges from the Middle East tied to the Iran conflict.
Strait of Hormuz Developments
Iran announced on Friday that it would reopen the Strait of Hormuz for commercial shipping after a ceasefire agreement in Lebanon. However, U.S. President Donald Trump indicated that a U.S. naval blockade of Iran’s ports will continue until a deal with Tehran is reached. Shipping company Hapag-Lloyd plans to avoid the strait while evaluating Iran’s statement.
An EU spokesperson emphasized, “There are no fuel shortages in the EU at present. We are, however, preparing for possible supply shortages of jet fuels.” The official added that the bloc could tap reserves if disruptions continue, stating, “If the situation in the Strait of Hormuz continues, the EU will be preparing to launch a possible coordinated release of jet fuel stocks.” Iran’s announcement has not altered these plans, with more clarity expected next week.
Airline and Regulatory Warnings
These comments mark the EU’s most direct response yet, following calls from Germany’s leading aviation lobby for the release of strategic jet fuel reserves. The EU also plans to unveil measures next week to optimize refinery capacity and tackle the impending jet fuel shortage.
Global Aviation Challenges
The aviation sector grapples with soaring jet fuel prices fueled by the escalating U.S.-Israeli conflict with Iran. Prices have jumped from around $85-$90 per barrel to $150-$200 per barrel recently, accounting for up to a quarter of airlines’ operating costs. Carriers now face pressure to hike fares and adjust financial forecasts.
An energy executive warned that Europe holds only about six weeks of jet fuel supply, describing it as potentially “the largest energy crisis we have ever faced.” Fatih Birol, executive director of the International Energy Agency, cautioned that flight cancellations could start soon if the Strait of Hormuz stays closed, threatening summer holiday travel.
